Farmers Trust Co. Increases Stock Position in Metallus Inc. (NYSE:MTUS)

Farmers Trust Co. increased its stake in Metallus Inc. (NYSE:MTUS) by 6.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 43,550 shares of the company’s stock after acquiring an additional 2,500 shares during the period. Farmers Trust Co. owned about 0.10% of Metallus worth $615,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. State Street Corp bought a new stake in Metallus in the third quarter worth $32,439,000. Pacer Advisors Inc. purchased a new position in Metallus during the 3rd quarter valued at about $27,669,000. Systematic Financial Management LP bought a new position in Metallus during the 3rd quarter valued at approximately $16,359,000. Janus Henderson Group PLC bought a new stake in shares of Metallus in the 3rd quarter worth approximately $15,534,000. Finally, Royce & Associates LP purchased a new position in shares of Metallus during the third quarter valued at approximately $14,301,000. 77.58% of the stock is owned by hedge funds and other institutional investors.

Metallus Stock Performance

MTUS stock traded down $0.25 on Wednesday, reaching $13.46. The company’s stock had a trading volume of 128,044 shares, compared to its average volume of 292,740. The business has a fifty day simple moving average of $15.24 and a two-hundred day simple moving average of $16.59. The firm has a market cap of $571.97 million, a PE ratio of 25.89, a PEG ratio of 1.66 and a beta of 1.39. Metallus Inc. has a 12-month low of $13.28 and a 12-month high of $24.31.

About Metallus

Metallus Inc manufactures and sells alloy steel, and carbon and micro-alloy steel products in the United States and internationally. The company offers special bar quality (SBQ) bars, seamless mechanical tubes, precision steel components, and billets that are used in gears, hubs, axles, crankshafts and motor shafts, oil country drill pipes, bits and collars, bearing races and rolling elements, bushings, fuel injectors, wind energy shafts, anti-friction bearings, artillery and mortar bodies, and other applications.